A new CD rate promotion at Kohler Credit Union offers members a higher earning potential than can be found on most short and midterm bank CDs.  The Kohler CU CD rate promotion is available on two different account terms.  New and existing members can choose either the 9-month term certificate or an 18-month maturing certificate.  The 9-month has an interest rate or Annual Percentage Yield of 2.75% while the 18-month term CD has an APY of 3.25%.  To compare just how good these rates are, one need only look at the national average rate offered on a one-year term bank CDs, which is currently just 0.43%.

There is a minimum deposit of $10,000.00 in new money with Kohler Credit Union required to receive the 2.75% APY on the 9-month term and 3.25% APY on the 18-month term CD account.   Interest or dividends earned are compounded monthly and credited monthly.  Certificates renew automatically to a standard 12-month certificate at the rate in effect at the time of renewal.  Term certificates are subject to early withdrawal penalties which may reduce earnings. membership in the credit union is required.

With more choices than ever before for saving and investing, banking customers need to shop and compare all available products to find which ones are suited for their needs.  The high yield, fixed rate of return offered on this CD rate promotion presents an alternative to a regular bank account as well as an opportunity for savers and investors to diversify their accounts.

Kohler Credit Union is a $360 million not-for-profit, financial cooperative, owned and governed by its members.  There are 14 Kohler CU branch locations in East Central Wisconsin.  Along with high yielding CD rates, the credit union offers a full range of resources and support for a wide variety of financial needs.  Savings at Kohler are federally insured to at least $250,000. Membership in Kohler CU is open to anyone who lives or works in Sheboygan, Calumet, Fond du Lac, Manitowoc, Milwaukee, Ozaukee, Washington or Waukesha county, as well as his or her immediate family members and associations or organizations.

Rates are accurate as of August 16, 2018, are subject to change, and available for a limited time. Other rates and terms available.  This credit union is federally insured by the National Credit Union Administration.  Additional information can be obtained by contacting a Kohler Credit Union customer service representative at 888.528.2595 or visiting the institution’s web site at kohlercu.com.

More information on the best CD rates in Michigan can be found at SelectCDrates.com.

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